For Sale
$16,990,000

9667 Owensmouth Ave Los Angeles, CA 91311

Prime location, strong cash flow, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Chatsworth, CA retail property presents a compelling investment or owner-user opportunity. The 52,360 square foot free-standing building, constructed in 1978 and renovated in 2022, sits on a 2.13-acre lot and boasts 64 parking spaces. Currently, the property enjoys 62% occupancy with two established tenants under NNN leases commencing February 14, 2023, providing a stable income stream. The net rentable area totals 19,883 square feet, offering significant owner-user potential. This space is adaptable to various configurations, accommodating office, warehouse, or mixed-use operations. The property is zoned MR2-1, situated in a thriving business district with convenient access to major highways and public transportation. The strong tenant base and the potential for rental increases as leases renew, coupled with the property's prime location in a growing market, present a compelling value-add opportunity for investors seeking long-term appreciation and rental upside. This versatile asset offers a unique blend of immediate income and future growth potential, making it an ideal choice for both investors and owner-users seeking a strategic foothold in the San Fernando Valley.

Highlights

  • Stabilized income stream from two existing NNN leases starting February 14, 2023.
  • Value-add opportunity with potential for rental increases as leases renew in a growing market.
  • Excellent location in a thriving Chatsworth business district with easy highway and public transit access.
  • Strong investment potential in Chatsworth's dynamic commercial real estate market.
  • 52,360 SF free-standing building on a 2.13-acre lot with 64 parking spaces, offering owner-user flexibility.

Property Details for 9667 Owensmouth Ave

Property type
Retail properties
Square Feet
52,360 SF
Year Built/Renovated
1978/2022
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2461726
Longitude
-118.6029098

FAQs

What type of property is this?
Retail property - Prime location, strong cash flow, owner-user potential.
Where is the retail property located?
The property is located at 9667 Owensmouth Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $16,990,000.
What are key features of this property?
This property features: Stabilized income stream from two existing NNN leases starting February 14, 2023.; Value-add opportunity with potential for rental increases as leases renew in a growing market.; Excellent location in a thriving Chatsworth business district with easy highway and public transit access.
How can I contact the broker?
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9667 Owensmouth Ave
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